HomeMy WebLinkAbout6.e. Expenditure Approval from the Donation Account – Parks & Recreation Dept.
EXECUTIVE SUMMARY
City Council Regular Meeting: July 18, 2017
AGENDA ITEM: Expenditure Approval from the Donation
Account – Parks & Recreation Dept.
AGENDA SECTION:
Consent
PREPARED BY: Dan Schultz, Parks & Recreation Director AGENDA NO. 6.e.
ATTACHMENTS: Donation Revenue Worksheet APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve the donation expenditure of $218.93 for
the Leprechaun Days Fishing Derby.
EXPENDITURE
AMOUNT
USE/ITEM PURCHASED
DONATION
FROM
$19.26
Target
CF Industries
$199.67
Wal-Mart
CF Industries
$218.93 Total
SUMMARY
Please consider the expenditure from the Donation Account for the above items.
2
DONATION REVENUE WORKSHEET
RECEIPT OF DONATION
Donation Received on: 04-05-17 from CF Industries
Amount Received: $300
Receipt # for Donation: 95908 Purpose of Donation:
Fishing Derby – Target $19.26 & Wal-Mart $199.67 Account # for Donation: 101-22223 (Must be Liability # assigned for each individual Department.) EXPENDITURE OF DONATION
Amount to be Spent: $218.93 To be Spent from Acct #: 101-45100-01-439.00 (Must be Expenditure # corresponding to individual Department.)
Purpose of Expenditure: Fishing Derby – Target $19.26 & Wal-Mart $199.67
AMENDMENT OF BUDGETS
Amend Donation Revenue Acct #101-36230.00: $218.93 Amend Expenditure Acct #101-45100-01-439.00 $218.93 (The two-dollar amounts should be the same.) GENERAL JOURNAL ENTRY TO ADJUST DONATION LIABILITY #
Debit: 101-22223 (Donation Liability #) $218.93 Credit: 101-36230.00 $218.93 Journal entry to reduce deferred donation revenue and increase donation revenue to actual per Council
action on July 18, 2017.